Rogers Sugar Inc. (TSE:RSI) Plans Quarterly Dividend of $0.09

Rogers Sugar Inc. (TSE:RSI) announced a quarterly dividend on Friday, December 27th,TickerTech Dividends reports. Shareholders of record on Thursday, January 9th will be paid a dividend of 0.09 per share on Thursday, January 9th. This represents a $0.36 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date of this dividend is Friday, December 27th.

Rogers Sugar Price Performance

Shares of TSE:RSI opened at C$6.02 on Wednesday. The business’s 50 day moving average is C$5.82 and its 200 day moving average is C$5.72. Rogers Sugar has a 12-month low of C$5.12 and a 12-month high of C$6.47. The stock has a market cap of C$770.08 million, a price-to-earnings ratio of 16.27 and a beta of 0.60. The company has a quick ratio of 0.56, a current ratio of 1.66 and a debt-to-equity ratio of 100.31.

Wall Street Analyst Weigh In

A number of research firms have issued reports on RSI. BMO Capital Markets lifted their price objective on shares of Rogers Sugar from C$6.50 to C$7.00 in a report on Friday, November 29th. Scotiabank set a C$6.25 price target on shares of Rogers Sugar and gave the company a “sector perform” rating in a research report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$6.55.

Insider Activity

In related news, Senior Officer Patrick Dionne sold 50,352 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of C$6.37, for a total value of C$320,943.65. Also, Senior Officer Michael Walton sold 20,000 shares of the firm’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of C$5.96, for a total value of C$119,200.00. Insiders own 0.28% of the company’s stock.

Rogers Sugar Company Profile

Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.